SUBSCRIBE
PROFILE

TotalEnergies sells 35% of Danish Bifrost project to CarbonVault, a SCHWENK subsidiary

TotalEnergies reduced its stake in the Bifrost CO2 storage project in Denmark, bringing in CarbonVault as an industrial partner and future client of the offshore site located in the North Sea.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

TotalEnergies, through its subsidiary TotalEnergies E&P Denmark, has signed a sale agreement for a 35% stake in the Bifrost carbon dioxide (CO2) storage project with Danish company CarbonVault. CarbonVault is a subsidiary of German cement group SCHWENK. Following the transaction, TotalEnergies E&P Denmark retains a 45% stake and remains the project operator, alongside CarbonVault (35%) and Nordsøfonden (20%), the Danish state-owned entity for energy resources.

A strategic site 200 kilometres offshore

The Bifrost project includes two offshore CO2 storage licences located approximately 200 kilometres west of the Danish coast. It is part of TotalEnergies’ portfolio of carbon capture and storage (CCS) projects in the North Sea. The site aims to repurpose former gas infrastructure to inject and permanently store industrial CO2.

SCHWENK, through its subsidiary CarbonVault, plans to use Bifrost’s capacity to store its future CO2 emissions from industrial operations across Europe. The partnership offers the French operator an opportunity to integrate an industrial client into the project development, securing both future site usage and part of the commercial model.

Regulatory conditions and industrial alignment

The transaction remains subject to customary regulatory conditions, including approval by the Danish regulator. This industrial integration aims to link site operations with a concrete end-user need, thereby reinforcing the infrastructure’s commercial viability.

TotalEnergies already manages several similar projects across Europe and North America. The company is developing Northern Lights in Norway, Northern Endurance Partnership in the United Kingdom, Bayou Bend in the United States and Aramis in the Netherlands. All target residual CO2 storage for hard-to-abate sectors such as cement and petrochemicals.

Arnaud Le Foll, Senior Vice President New Business – Carbon Neutrality at TotalEnergies, stated that this partnership would ensure the successful rollout of the Bifrost project, aligned with Denmark’s ambition to become a European hub for carbon storage.

  • Popular on energynews.pro
Japan opens public funding for nuclear projects to support reactor restarts
Shanghai Electric launches 625 MW upgrade to strengthen Iraq’s power grid
Awendio Solaris to invest CAD1bn in integrated solar plant in Montreal
Iran offers support to Venezuela after oil tankers seized by Washington
Subsea 7 extends Equinor contract for subsea services in Norway
Gevo receives “A” rating for North Dakota site from BeZero Carbon
Gevo receives high-quality assessment for its carbon capture credits in North Dakota, strengthening the commercial value of its certificates in the voluntary carbon markets.
Technip Energies secures strategic contract for carbon capture project in Thailand
Technip Energies has secured a detailed engineering contract for a carbon capture and storage project led by PTTEP, marking a key industrial milestone in the Gulf of Thailand.
United Kingdom: Second CO₂ storage licensing wave redefines North Sea through 2050
The United Kingdom opens 14 new offshore geological storage zones, creating an industrial decarbonisation corridor and securing long-term capacity for domestic and European heavy industry.
Green Plains injects CO2 from Nebraska into Wyoming and receives $14mn payment
Green Plains has begun sequestering carbon dioxide from its three Nebraska facilities via a pipeline to Wyoming, while receiving a first $14mn payment under the 45Z tax credit programme.
JERA and Newlab partner to scale up industrial testing of CO₂ capture technologies
Japan's JERA has entered a strategic partnership with Newlab in New Orleans to fast-track the commercialisation of carbon capture solutions for power generation facilities.
Carbonova raises C$5.1mn to launch industrial nanofibre demonstrator in Calgary
The Canadian start-up has secured financing to complete a C$13.6mn project aimed at converting captured CO₂ and natural gas into high-value carbon nanofibres.
Carbon capture technologies emerge as industrial lever by 2035
CO₂ removal techniques are moving from lab-scale to national and corporate strategies, but their development remains constrained without a clear legal framework and targeted incentives on the carbon market.
Senegal and Norway sign deal to activate Article 6 carbon market mechanisms
Norway plans up to $740mn to fund verified emission reductions, supporting Senegal’s entry into cooperation frameworks under the Paris Agreement.
Technip Energies to deliver three electric marine arms for Northern Lights phase 2
Technip Energies strengthens its role in the Northern Lights project in Norway by supplying electric marine equipment for the transfer of liquefied CO2 at the Øygarden terminal.
Over 500 carbon capture representatives identified at COP30
An NGO identified 531 participants linked to carbon capture and storage technologies at COP30, illustrating the growing strategic interest of industry players in this technical lever within climate negotiations.
Carbon neutrality to reach $27.22bn by 2035, driven by Asia
Driven by rising demand from China and India, the global carbon neutrality market is expected to grow by 7.3 % annually through 2035, supported by sustained investment in capture technologies.
Japan targets 12.5 Mtpa carbon capture capacity by 2035 despite cross-border hurdles
Japan plans to increase its carbon capture, utilisation and storage capacity thirtyfold by 2035, but reliance on cross-border infrastructure may delay the government’s targets.
PETRONAS becomes key carbon storage player and expands operations in Suriname
PETRONAS secures Malaysia’s first CCS permit and strengthens its upstream presence in Suriname, aligning an integrated strategy between CO₂ capture and low-cost offshore exploration.
Peru bets on carbon markets with its NDC 3.0 climate commitment
The Peruvian government announces a 179 million tonne emissions target by 2035, integrating carbon market tools and international transfers to reach its climate goal.
The UN validates an Article 6.4 methodology for landfill methane
The Paris Agreement Crediting Mechanism formalizes a landfill-methane methodology, imposes an investment-based additionality test, and governs issuance of traceable units via a central registry, with host-country authorizations and corresponding adjustments required.
Sinopec and BASF align their product carbon footprint accounting methods
Sinopec and BASF have reached a mutual recognition agreement on their carbon accounting methods, certified as compliant with both Chinese and international standards, amid growing industrial standardisation efforts.
NorthX injects $3.4mn into four Canadian carbon removal startups
NorthX Climate Tech strengthens its portfolio by investing in four carbon dioxide removal companies, reinforcing Canada’s position in a rapidly expanding global market.
Texas captures attention with over $10bn invested in carbon management
With dense industrial activity and unique geological potential, Texas is attracting massive investment in carbon capture and storage, reinforced by new federal tax incentives.
GE Vernova and YTL PowerSeraya launch a carbon capture study in Singapore
GE Vernova and YTL PowerSeraya will assess the feasibility of capturing 90% of CO₂ emissions at a planned 600-megawatt gas-fired power plant in Singapore.
Carbon removal investments hit $1 billion despite high operating costs
The carbon removal technology sector is expanding rapidly, backed by venture capital and industrial projects, yet high costs remain a significant barrier to scaling.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.